Economy News

Groz-Beckert is adapting its organizational structure at its headquarters to changing market conditions

Albstadt: The ongoing weakness in demand and structural changes in the international textile industry continue to put economic pressure on Groz-Beckert’s core business, Textile Tools. Since a market recovery...

Syria Seeks Funding to Advance €5 Million Textile Recovery Project

Syrian officials and international partners met at the Italian Embassy in Damascus to review progress on the €5...

Change of Leadership at Rieter

Thomas Oetterli has decided to step down from his function as CEO, effective October 31, 2026, and hand...

Fine Spinners Uganda Invests $5 Million to Target Kenya’s Apparel Export Market

Fine Spinners Uganda Limited is investing an additional US$5 million in textile machinery as it seeks to become...

PM Modi’s Uzbekistan Visit: What It Means for the India-Uzbekistan Textile Trade

Indian Prime Minister Narendra Modi's two-day state visit to Uzbekistan on August 29–30, 2026, at the invitation of...

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Exclusive exhibit of Iranian goods to be held in Syria in early Dec

Syrian Capital Damascus is going to host the second exclusive exhibition of Iranian goods during November 29-December 3, IRIB reported. The exhibition features companies active...

Tunisia’s real GDP up 0.3% in Q3 2021

Tunisia’s real gross domestic product (GDP) grew by 0.3% year-on-year in the third quarter (Q3) of 2021 (July-September), showing the gradual recovery of economic...

Tunisia: Industrial production up 27.8% in Q2 2021, year-on-year

The industrial production index was up 27.8% in the second quarter of 2021 (Q2) compared to the same period last year, the National Institute...

IsDB Supports Saudi Exim Bank’s Efforts to Strengthen Export Industry

A Boost for Saudi Businesses: IsDB Supports Saudi Exim Bank’s Efforts to Strengthen Export Industry Saudi businesses have received the backing of Islamic Development Bank...

Tunisia could cancel trade agreement with Turkey

By Reuters News Service Tunisia is seeking an urgent review of a trade agreement with Turkey in order to cut a widening deficit, two Tunisian...

Iran-Oman online exhibit to be held in late August

Iran-Oman Joint Chamber of Commerce will hold the first online exhibit of the two countries on August 29, Iran Chamber of Commerce, Industries, Mines,...

We aRe Spin Dye signs collaboration agreement with Stokke As

We aRe Spin Dye (WRSD) AB (publ) (“WRSD”) has today entered into a collaboration agreement with the Norwegian brand Stokke®. Stokke is an International brand...

Iran, Kazakhstan target $1b in annual trade

TEHRAN – Head of Iran-Kazakhstan Joint Chamber of Commerce said the two countries have the potential to boost their annual trade to $5 billion,...

German firm Sedo Treepoint to present latest innovations at ITMA Asia

Sedo Treepoint, a German machine automation company, has announced that it will be presenting its latest innovations at ITMA ASIA 2021 in Shanghai. The company’s...

Ukraine invites Turkish investors for major privatizations

There are 3,600 state enterprises in many fields such as real estate, agriculture and industrial machinery production that were inherited from the Soviet period...
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